October 2015 Newsletter
CSS Profile, FAFSA Changes & More
Beatrice Schultz, CFP®
Westface College Planning
Obama Announces FAFSA Change to Make College Aid Decision Earlier and Easier
The Obama Administration today announced changes to the Free Application For Federal Student Aid (FAFSA), the college aid form that millions of Americans complete each year to be eligible for federal and (sometimes) state or college based aid. The changes become effective in October of 2016, which means it will have a big impact on families with high school juniors today, as well as those with younger children.
Under the changes, students who are high school seniors next October (2016) will be able to apply for financial aid for their freshman (academic) year of college in 2017-2018 by submitting the FAFSA in October 2016 using income tax information from their parents’ 2015 tax returns.
How to Survive Paying for College Workshops & Webinars
- How to Survive Paying for College Webinar
Wednesday, October 21 – 6 to 8 PM
Seniors: The CSS/Financial Aid Profile is Available Now!
While not as commonly used as the FAFSA, for those colleges that do use it, completing the CSS Profile is a requirement to qualify for any nonfederal financial aid, and who doesn’t want some extra money toward their college fund?
It is very likely that one or more colleges in your personal top 10 list will need of the CSS Profile as well as the FAFSA in order to be considered for all available financial aid.
Be prepared: Colleges that request the CSS Profile include those from one end of the spectrum to the other, from the locally well-known (Santa Clara University), lesser known (Whitmore College), large (Boston University), to small (Pomona) private colleges; even a few public colleges (University of Michigan) opt for the CSS Profile.
About Westface College Planning
If you are a typical parent with college bound students, you’re probably overwhelmed by all the research necessary to help your sons and daughters make the right choices and prevent overpaying for their education.
You are not alone!
Get the facts. Educate yourself to potentially save tens of thousands of dollars on a single college education. Parents of more than one child heading to college in the next few years, can save even more.
At Westface College Planning, we work with families to help you plan for and navigate the “paying for college” process. We teach you how to minimize your out-of-pocket expenses, maximize financial aid eligibility, understand the best way to navigate through the college selection process and prioritize your sources of college funds to protect your life savings!
More information at WestfaceCollegePlanning.com.
October 2015 – Issue #48
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